1 / 14

February 2012 finance work session

February 2012 finance work session . Raytown C-2 School District. BUDGET KEYS. Strong Educational Product District Operating Revenues District Operating Expenditures Operating Reserves Future Fiscal Stability Competitive Salaries and Benefits Continued Educational Progress.

ashton
Télécharger la présentation

February 2012 finance work session

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. February 2012finance work session Raytown C-2 School District

  2. BUDGET KEYS • Strong Educational Product • District Operating Revenues • District Operating Expenditures • Operating Reserves • Future Fiscal Stability • Competitive Salaries and Benefits • Continued Educational Progress

  3. OPERATING REVENUES

  4. Breakdown of Operating Revenues 39.2% Property Tax (Local) 1.1%Other Local/County 13.3% Federal 8.1% Prop C 36.1% State 2.2% Other

  5. ASSESSED VALUATION

  6. ASSESSED VALUATION

  7. EXPENDITURESBreakdown of Operating Expenses 8.8% Purchased Serv. 10.9% Supplies/Util. 15.4% Benefits 64.8% Salaries

  8. RESERVES

  9. FY ‘13 BUDGET PROJECTIONS Assumptions • $3,005,000,000 Appropriated for Foundation Formula • Local Assessed Valuation and Collections Remain Flat • Dollar Value Modifier reduced to 1.082 • Weighted Average Daily Attendance Estimated at 8792 • 9% Increase in Health Insurance Costs • 15% Increase in Property/Casualty Insurance, Fuel, Utilities

  10. ZERO SCENARIO 23.3% 24.8% * Salaries frozen at previous year’s rates.

  11. 3 PERCENT SCENARIO * The cost of this increase is calculated at $1,179,137 for all employees

  12. HOW DO WE FUND IT? • Reducing/Consolidating Bus Routes $268,000 • Reduce Field Trips to 1/Grade Level $100,000 • Restructuring Curriculum Coord. $300,000 • Textbook Adoption Completed $250,000 • Fund Balances (BoE target 15-20%) $300,000 • TOTAL $1,218,000

  13. POTENTIAL BUDGET REDUCTIONS • Health Insurance • Health Savings Accounts • Self-Funded vs. Fully Funded • Broker Commissions (RFP for Broker) • Contracted Services • Food Service • Custodial/Maintenance • Decommission Administration Building

  14. QUESTIONS ? ?

More Related